| ERX latest price $54.8200 (-5.42%) ($54.6600 - $57.3400) on Fri. Jul. 14, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.87% (three month average) |
RSI | 67 |
Latest Price | $54.8200(-5.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 4.4% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(93%) OIH(84%) USO(69%) VYM(59%) |
Factors Impacting ERX price | ERX will decline at least -1.435% in a week (0% probabilities). VXX(-19%) UUP(-14%) VIXM(-13%) TBT(-5%) BNDX(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.435% (StdDev 2.87%) |
Hourly BBV | -1.6 () |
Intraday Trend | -4.4% |
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